President Hugo Chavez has added three days to Venezuela's Easter holiday to deal with a growing energy crisis. The move which will close government and public offices means most Venezuelans will have a seven-day break starting on 1 April.
Chile’s fresh fruit business has been whip-lashed the past weeks by the 8.8 earthquake which struck February 27, at the height of the fresh fruit export season. Large shipments of table grapes - roughly four million cases - and other fruit had to be stored while authorities worked over time to get port facilities operating again.
Chile’s government has decided to “un-freeze” the increase of the gasoline prices considering that the value of both oil and the US dollar is growing all around the world.
By law, on March 25 the transitory price reduction to the specific oil tax must come to an end. The decree was passed last year to help the local economy given the financial crisis that affected many countries.
Bolivian President Evo Morales, along with the Bolivian Army and Navy, celebrated Sea Day this week, an annual holiday mourning Bolivia’s loss of ocean access to Chile following the Pacific War 131 years ago.
Uruguay outperformed all other Latinamerican countries last year, according to the latest available data on 2009 economic growth. The data shows the Uruguayan economy expanded 2.9% in 2009, compared to 1.2% for Peru and 0.9% in Argentina.
Former Spanish president Felipe González and several experts in economics and politics warned about the growing influence of China in Latin America, which nevertheless could also help to balance the international scenario according to a forum held in New York University sponsored by the Euro-America Foundation.
Latin American countries' banking and financial officials were optimistic Tuesday about their future development, saying most economies in the region were strengthened after the global financial crisis.
The Chilean Navy celebrated this week the destruction of the 200th antipersonnel mine in the extreme south Horno Island, thus eliminating Field 113 from the list of territories that were planted with mines in 1982.
United States Secretary of State Hillary Clinton congratulated Chile, Argentina, Colombia and Mexico on the bicentennial of their independence to be celebrated in the course of 2010 and said she was hopeful the anniversary would also celebrate a future of “greater cooperation in the hemisphere”.
Chile’s Jose Miguel Insulza was re-elected Wednesday as secretary general of the Organization of American States (OAS) for another five-year term (2010/2015). Insulza, 66, the only candidate, was elected by acclamation at the OAS general assembly with Paraguay’s Hector Lacognata acting as president.